Three things your clients may call you about this week …

What made financial headlines over the weekend?

clock • 3 min read

Hargreaves 'milking' children; harming the climate with your pension; and pension taper tantrums - here's our weekly heads-up on the financial stories that may have caught your clients' attention over the weekend …

Hargreaves Lansdown milks child savers Hargreaves Lansdown is pocketing "sky-high" fees from child savers, according to this Sunday Times report, which focuses on how the investment giant charges all savers who invest in funds by way of an ISA a fee of 0.45%. The piece acknowledges this drops to 0.25% on savings of £250,000 to £1m and 0.1% on savings above that level but argues that young savers would hardly ever benefit from the lower fees because the maximum they can put away in one year is £4,368. Assuming the limit stays the same and investments grow at 6% a year, the most a young ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

Friday Night Takeaway: It's the return of the banks

Friday Night Takeaway: It's the return of the banks

The news editor's Friday Night Takeaway from 10 July

Isabel Baxter
clock 10 July 2026 • 3 min read
Carla Brown on PFS/CII relationship reset and how chartered status is 'essential'

Carla Brown on PFS/CII relationship reset and how chartered status is 'essential'

PFS president and chair joins Professional Adviser in the studio

Professional Adviser
clock 10 July 2026 • 1 min read
FCA spotlights vulnerability in latest Consumer Duty review

FCA spotlights vulnerability in latest Consumer Duty review

Treatment of vulnerable clients still an area of improvement for firms

Sophia Panayi
clock 10 July 2026 • 2 min read